Consolidated Edison, Inc. (ED) Balance Sheet

NYSE: EDAssets, liabilities, debt and equity over 10 years.

ED balance sheet, 2025

December 31, 2025 · U.S. dollars

$74.60B assets = $50.41B liabilities + $24.19B equity

Both columns are drawn to the same scale: what ED owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ED financial health

Current ratio1.02

Adequate · current assets cover current liabilities 1.02×

Debt / equity1.19

Moderate leverage · $1.19 of debt for each $1 of equity

Equity / assets32.4%

Balanced · of assets funded by shareholders

Cash / debt5.7%

Low cash cover · cash & short-term investments vs total debt

Goodwill & intangibles0.5%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ED balance sheet trends, 2016–2025

Consolidated Edison, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$48.26B2016	$74.60B2025	+5.0%/yr
Total liabilities	$33.95B2016	$50.41B2025	+4.5%/yr
Shareholders’ equity	$14.30B2016	$24.19B2025	+6.0%/yr
Cash & short-term investments	$776.0M2016	$1.63B2025	+8.6%/yr
Total debt	$15.83B2016	$28.75B2025	+6.9%/yr
Net cash (debt)	−$15.05B2016	−$27.12B2025	−$12.1B
Working capital	−$437.0M2016	$136.0M2025	+$573.0M
Book value per share	$47.362016	$67.442025	+4.0%/yr
Current ratio	0.892016	1.022025	+0.13
Debt / equity	1.112016	1.192025	+0.08
Shares outstanding	301.9M2016	358.7M2025	+1.9%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ED assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ED liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ED debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ED balance sheet

Consolidated Edison, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$1.63B	$1.32B	$1.19B	$1.28B	$992.0M	$1.27B	$981.0M	$895.0M	$797.0M	$776.0M
Cash & equivalents	$1.63B	$1.32B	$1.19B	$1.28B	$992.0M	$1.27B	$981.0M	$895.0M	$797.0M	$776.0M
Short-term investments	—	$20.58B	$572.0M	$544.0M	$992.0M	$1.27B	—	—	$330.0M	$273.0M
Receivables	$3.86B	$3.93B	$3.79B	$3.23B	$3.11B	$2.74B	$2.12B	$2.12B	$1.70B	$1.83B
Inventory	$530.0M	$485.0M	$469.0M	$492.0M	$437.0M	$356.0M	$352.0M	$358.0M	$334.0M	$339.0M
Other current assets	$731.0M	$928.0M	$1.09B	$7.97B	$1.02B	$932.0M	$824.0M	$496.0M	$705.0M	$464.0M
Total current assets	$6.75B	$6.66B	$6.54B	$12.97B	$5.55B	$5.30B	$4.27B	$3.86B	$3.54B	$3.41B
Property, plant & equipment (net)	$55.89B	$52.66B	$50.14B	$47.33B	$49.41B	$47.39B	$44.75B	$41.75B	$37.60B	$35.22B
Goodwill & intangible assets	$406.0M	$408.0M	$408.0M	$408.0M	$1.73B	$1.91B	$2.00B	$2.09B	$559.0M	$552.0M
Long-term investments	$1.21B	$1.13B	$999.0M	$841.0M	$853.0M	$1.82B	$2.06B	$1.77B	$2.00B	$1.92B
Other non-current assets	$10.34B	$9.71B	$8.25B	$7.51B	$5.58B	$6.48B	$4.99B	$4.45B	$4.41B	$7.16B
Total assets	$74.60B	$70.56B	$66.33B	$69.06B	$63.12B	$62.90B	$58.08B	$53.92B	$48.11B	$48.26B
Liabilities
Accounts payable	$1.95B	$1.68B	$1.77B	$1.96B	$1.50B	$1.48B	$1.16B	$1.19B	$1.29B	$1.15B
Short-term debt	$2.45B	$2.79B	$2.65B	$3.79B	$2.04B	$3.93B	$3.20B	$3.22B	$1.88B	$1.09B
Deferred revenue	—	$412.0M	$396.0M	$358.0M	$300.0M	$311.0M	$346.0M	$351.0M	$346.0M	$352.0M
Total current liabilities	$6.61B	$6.43B	$6.46B	$11.34B	$5.43B	$7.35B	$6.29B	$6.21B	$4.90B	$3.84B
Long-term debt	$25.55B	$24.65B	$21.93B	$20.15B	$22.60B	$20.38B	$18.53B	$17.50B	$14.73B	$14.73B
Lease obligations	$500.0M	$504.0M	$545.0M	$579.0M	$830.0M	$860.0M	$874.0M	—	—	—
Other long-term liabilities	$18.25B	$17.51B	$16.78B	$16.69B	$14.75B	$16.09B	$15.05B	$13.38B	$13.05B	$15.37B
Total liabilities	$50.41B	$48.60B	$45.17B	$48.18B	$42.78B	$43.83B	$39.87B	$37.08B	$32.69B	$33.95B
Shareholders' equity
Common stock & paid-in capital	$39.0M	$37.0M	$37.0M	$37.0M	$37.0M	$36.0M	$35.0M	$34.0M	$6.33B	$5.89B
Retained earnings (deficit)	$14.86B	$14.05B	$13.38B	$11.98B	$11.45B	$11.18B	$11.10B	$10.73B	$10.23B	$9.56B
Treasury stock	—	—	—	—	−$1.04B	−$1.04B	−$1.04B	−$1.04B	−$1.04B	−$1.04B
Accumulated other comprehensive income	$15.0M	$29.0M	$22.0M	$22.0M	$5.0M	−$25.0M	−$19.0M	−$16.0M	−$26.0M	−$27.0M
Minority interest	$0	$0	$0	$202.0M	$299.0M	$218.0M	$191.0M	$113.0M	$7.0M	$8.0M
Total shareholders' equity	$24.19B	$21.96B	$21.16B	$20.69B	$20.04B	$18.85B	$18.02B	$16.73B	$15.42B	$14.30B
Key figures
Total debt	$28.75B	$27.82B	$25.01B	$24.41B	$25.36B	$25.08B	$22.54B	$20.71B	$16.61B	$15.83B
Net cash (debt)	−$27.12B	−$26.50B	−$23.82B	−$23.13B	−$24.37B	−$23.81B	−$21.56B	−$19.82B	−$15.81B	−$15.05B
Working capital	$136.0M	$231.0M	$75.0M	$1.64B	$124.0M	−$2.05B	−$2.02B	−$2.34B	−$1.36B	−$437.0M
Tangible book value	$23.78B	$21.55B	$20.75B	$20.28B	$18.30B	$16.94B	$16.02B	$14.63B	$14.86B	$13.75B
Book value per share	$67.44	$63.24	$60.57	$58.14	$57.35	$56.14	$54.69	$53.45	$49.93	$47.36
Shares outstanding	358.7M	347.3M	349.3M	355.8M	349.4M	335.7M	329.5M	312.9M	308.8M	301.9M
Current ratio	1.02	1.04	1.01	1.14	1.02	0.72	0.68	0.62	0.72	0.89
Quick ratio	0.83	0.82	0.77	0.40	0.76	0.55	0.49	0.48	0.51	0.68
Debt / equity	1.19	1.27	1.18	1.18	1.27	1.33	1.25	1.24	1.08	1.11
Equity / assets	32.4%	31.1%	31.9%	30.0%	31.7%	30.0%	31.0%	31.0%	32.0%	29.6%

Consolidated Edison, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Dec '23	Sep '23
Assets
Cash & short-term investments	$1.47B	$147.0M	$1.63B	$181.0M	$1.51B	$360.0M	$1.32B	$93.0M	$1.50B	$169.0M	$1.19B	$539.0M
Cash & equivalents	$1.47B	$147.0M	$1.63B	$181.0M	$1.51B	$360.0M	$1.32B	$93.0M	$1.50B	$169.0M	$1.19B	$539.0M
Short-term investments	—	—	—	—	—	—	−$27.0M	—	—	$48.0M	$48.0M	$26.0M
Receivables	$3.40B	$2.92B	$3.86B	$3.35B	$3.37B	$3.85B	$3.93B	$3.60B	$3.59B	$3.97B	$3.79B	$3.31B
Inventory	$534.0M	$528.0M	$530.0M	$516.0M	$490.0M	$467.0M	$485.0M	$472.0M	$451.0M	$442.0M	$469.0M	$455.0M
Other current assets	$1.38B	$2.69B	$731.0M	$1.42B	$683.0M	$1.46B	$928.0M	$1.92B	$944.0M	$1.59B	$1.09B	$1.64B
Total current assets	$6.79B	$6.29B	$6.75B	$5.46B	$6.05B	$6.13B	$6.66B	$6.08B	$6.49B	$6.17B	$6.54B	$5.94B
Property, plant & equipment (net)	$57.57B	$56.10B	$55.89B	$54.86B	$54.10B	$53.30B	$52.66B	$51.86B	$51.13B	$50.38B	$50.14B	$49.08B
Goodwill & intangible assets	$406.0M	$406.0M	$406.0M	$408.0M	$408.0M	$408.0M	$408.0M	$408.0M	$408.0M	$408.0M	$408.0M	$408.0M
Long-term investments	$1.10B	$1.06B	$1.21B	$1.23B	$1.19B	$1.14B	$1.13B	$1.14B	$1.08B	$1.04B	$999.0M	$933.0M
Other non-current assets	$10.59B	$10.88B	$10.34B	$9.88B	$9.76B	$9.71B	$9.71B	$9.16B	$8.81B	$8.69B	$8.25B	$8.04B
Total assets	$76.46B	$74.74B	$74.60B	$71.84B	$71.50B	$70.69B	$70.56B	$68.64B	$67.92B	$66.68B	$66.33B	$64.41B
Liabilities
Accounts payable	$2.05B	$1.66B	$1.95B	$1.58B	$1.55B	$1.45B	$1.68B	$1.47B	$1.50B	$1.44B	$1.77B	$1.31B
Short-term debt	$1.10B	$1.24B	$2.45B	$1.37B	$2.04B	$1.17B	$2.79B	$2.42B	$2.82B	$2.67B	$2.65B	$2.64B
Deferred revenue	$548.0M	$533.0M	—	$484.0M	$448.0M	$395.0M	$412.0M	$434.0M	$422.0M	$411.0M	$396.0M	$401.0M
Total current liabilities	$5.35B	$5.29B	$6.61B	$5.08B	$5.51B	$4.78B	$6.43B	$6.03B	$6.22B	$6.24B	$6.46B	$6.05B
Long-term debt	$26.84B	$25.55B	$25.55B	$24.91B	$24.66B	$24.65B	$24.65B	$23.44B	$23.31B	$21.93B	$21.93B	$20.65B
Lease obligations	$506.0M	$504.0M	$500.0M	$514.0M	$514.0M	$513.0M	$504.0M	$546.0M	$547.0M	$546.0M	$545.0M	$591.0M
Other long-term liabilities	$18.54B	$18.11B	$18.25B	$17.69B	$17.57B	$17.48B	$17.52B	$17.28B	$16.83B	$16.89B	$16.78B	$16.62B
Total liabilities	$50.74B	$49.15B	$50.41B	$47.68B	$47.74B	$46.91B	$48.60B	$46.75B	$46.36B	$45.06B	$45.17B	$43.33B
Shareholders' equity
Common stock & paid-in capital	$40.0M	$40.0M	$39.0M	$39.0M	$39.0M	$39.0M	$37.0M	$38.0M	$38.0M	$38.0M	$37.0M	$37.0M
Retained earnings (deficit)	$15.44B	$15.46B	$14.86B	$14.87B	$14.48B	$14.54B	$14.05B	$14.03B	$13.72B	$13.81B	$13.38B	$13.32B
Accumulated other comprehensive income	$12.0M	$12.0M	$15.0M	$17.0M	$17.0M	$17.0M	$29.0M	$18.0M	$18.0M	$18.0M	$22.0M	$25.0M
Minority interest	—	—	$0	—	—	—	—	—	—	—	—	—
Total shareholders' equity	$25.72B	$25.60B	$24.19B	$24.17B	$23.76B	$23.78B	$21.96B	$21.90B	$21.56B	$21.61B	$21.16B	$21.08B
Key figures
Total debt	$28.32B	$27.18B	$28.75B	$26.68B	$27.09B	$26.22B	$27.82B	$26.29B	$26.56B	$25.02B	$25.01B	$23.77B
Net cash (debt)	−$26.85B	−$27.03B	−$27.12B	−$26.49B	−$25.59B	−$25.86B	−$26.50B	−$26.20B	−$25.06B	−$24.86B	−$23.82B	−$23.23B
Working capital	$1.44B	$1.00B	$136.0M	$381.0M	$536.0M	$1.35B	$231.0M	$53.0M	$271.0M	−$78.0M	$75.0M	−$111.0M
Tangible book value	$25.31B	$25.19B	$23.78B	$23.76B	$23.35B	$23.38B	$21.55B	$21.49B	$21.15B	$21.21B	$20.75B	$20.67B
Book value per share	$69.51	$70.24	$66.79	$66.78	$65.68	$67.70	$63.15	$63.02	$62.11	$62.33	$60.99	$60.83
Shares outstanding	370.0M	364.4M	362.2M	361.9M	361.7M	351.3M	347.8M	347.5M	347.1M	346.8M	346.9M	346.5M
Current ratio	1.27	1.19	1.02	1.08	1.10	1.28	1.04	1.01	1.04	0.99	1.01	0.98
Quick ratio	0.91	0.58	0.83	0.69	0.88	0.88	0.82	0.61	0.82	0.66	0.77	0.64
Debt / equity	1.10	1.06	1.19	1.10	1.14	1.10	1.27	1.20	1.23	1.16	1.18	1.13
Equity / assets	33.6%	34.2%	32.4%	33.6%	33.2%	33.6%	31.1%	31.9%	31.7%	32.4%	31.9%	32.7%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 19, 2026); data from EODHD.

ED financial position

At the end of fiscal 2025 (December 31, 2025), Con Edison had total assets of $74.6 billion (up 5.7% from a year earlier), total liabilities of $50.4 billion and shareholders' equity of $24.2 billion. It held $1.6 billion in cash and short-term investments against $28.8 billion of debt, net debt of $27.1 billion. Its current ratio was 1.02. In the latest quarter (ended June 30, 2026) total assets were $76.5 billion and equity $25.7 billion.

Related: ED income statement, ED cash flow statement, ED key metrics. See the ED stock overview for the latest quote and news.

ED balance sheet FAQ

What are Con Edison's total assets?

Con Edison reported total assets of $74.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $70.6 billion a year earlier.

How much debt does Con Edison have?

Con Edison had $28.8 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.19.

How much cash does Con Edison have?

Con Edison held $1.6 billion in cash and short-term investments at the end of fiscal 2025; with $28.8 billion of debt that is net debt of $27.1 billion.

What is Con Edison's book value?

Con Edison's shareholders' equity (book value) was $24.2 billion at the end of fiscal 2025, or $67.44 per share.

What is Con Edison's current ratio?

Con Edison had current assets of $6.8 billion and current liabilities of $6.6 billion, a current ratio of 1.02 (it can cover its short-term obligations).

How much goodwill does Con Edison have?

Con Edison carried $406.0 million of goodwill and intangible assets, 0.5% of total assets, at the end of fiscal 2025.